Energy Efficiency Important To Investors
Growing numbers of investors are emphasizing energy efficiency improvements to increase market values and cut marketing times.
In Baltimore, A-Plus Neighborhood Homebuyers LLC is now acquiring central city rowhouses — spending thousands of dollars extra on eco-friendly upgrades they’d never done before — extra heavy insulation, bamboo flooring and high energy- efficiency appliances and lighting.
Three thousand miles to the west in Seattle, Aaron Fairchild of G2B Ventures is raising $50 million for the Efficient Real Estate Fund, the first limited partnership designed solely to buy urban houses at wholesale prices, perform major energy-efficiency retrofits on top of regular rehabs, then turn the properties around as rentals and for-sale houses.